hi fav
agree with Chris
the long date on both Os & OAs are giving plenty of room
I normally go heavy in the one with far bigger ex price
but I have chosen OAs here because I think 10c in ST is quitte achievable
before the vendor shares are issued,
from my previous calculation
at 10c, the EV may get to 20m before drilling which is fair imo.
but to get to 20c, and presumably the vendor shares will be issued before then
PXR needs to have a serious re-rating, ie, needs to come up some pretty nice thick coal seams, ala AFR style
then PXRO will get looked at when sp trades above 10c imo
without breaking 10c major hurdle
& have not seen first round of results
I think 20c is too hard to achieve without some nice hits & JORC to justify
but then again the long date here gives company about a year and half to get Os in the money
so, possible imo
for me, I want to see sp holding above 10c first
especially after vendor shares are issued
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